Deutsche Lufthansa AG (1LHA) fair value: what the stock is really worth
As of Oct 2, 2026: fair value of Deutsche Lufthansa AG €15.42, price €7.62, upside +102.5%, quality 44 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 3, 2026.
How to read this chart
60‑month range €4.71 – €10.10 · fair‑value band €11.56 – €19.27 · the €7.62 price screens below the €15.42 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 3, 2026.
Deutsche Lufthansa AG operates as an aviation company in Europe, North America, Central and South America, Aisa/Pacific, the Middle East, and Africa. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul (MRO).
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Deutsche Lufthansa AG operates as an aviation company in Europe, North America, Central and South America, Aisa/Pacific, the Middle East, and Africa. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings. The Logistics segment provides airfreight container management, time-critical shipments, and customs clearance services; and digital and modular logistics solutions for cross-border e-commerce solutions. The MRO segment provides maintenance, repair, and overhaul services for civil commercial aircraft serving original equipment manufacturers, aircraft leasing companies, VIP jet operators, government, armed forces, and airlines. It also sells flight tickets and related ancillary services through agents, its own websites, or other airlines; offers vocational and professional training for cockpit and cabin crew; and IT solutions. The company operates a fleet of 737 aircraft. Deutsche Lufthansa AG was founded in 1926 and is headquartered in Cologne, Germany.
Stock analysis
Deutsche Lufthansa AG (1LHA) currently trades at €7.62, while our model-based Fair Value estimate is €15.42, implying the stock looks roughly 50.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of €17.00 per share, and 10 of the 16 models we run sit above the €7.62 price.
Bear case: the Economic Profit group reads lowest at €4.91, and 6 of the 16 models stay below the price. Evidence for this calculation is high.
Scenario range: €11.56 (bear) to €19.27 (bull), the price of €7.62 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 44/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Deutsche Lufthansa AG reported revenue of €39.6B in FY2025 versus €16.8B in FY2021, a compound +23.9%/yr. Reported net income was €1.3B in FY2025.
Key figures
Market cap €12.0B · P/E ratio 5.9 · P/S ratio 0.20 · EPS (TTM) €1.30 · Dividend yield 4.3% · Net margin 3.4% · Return on equity 13.7% · Return on assets (EBIT) 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 34% fair-value upside, at 102%, 1LHA screens cheaper than that median.
Fair Value models
Bear €11.56Fair Value €15.42Bull €19.27
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (€0.7335 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.50/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+5.4%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.6%
’21
’22
’23
’24
’25
What shareholders gained per year (last 3 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
+7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.7%
Dividend (yield on the price)4.3%
Profit margin 2021 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−13% → 4%
News mood ⓘNews mood, the average tone of recent news (82 articles), rated against how stocks are usually covered. 🚀 Hype = unusually upbeat · 🙂 Positive = above average · 😐 Neutral = typical · 🙁 Negative = below average · 😨 Very negative = unusually downbeat. It reflects the tone of coverage, not our valuation.Very negative
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Deutsche Lufthansa AG Fair Value". https://www.fairvalue-calculator.com/stock/1LHA
Frequently asked questions
Is Deutsche Lufthansa AG (1LHA) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of €15.42 versus a price of €7.62, about +102% upside (undervalued).
What is the fair value of 1LHA?
Our model-based fair value for Deutsche Lufthansa AG is €15.42 (as of Oct 3, 2026), built from audited fundamentals. The current price: €7.62.
What is the quality score of 1LHA?
Deutsche Lufthansa AG has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Deutsche Lufthansa AG (1LHA)?
Our model-based price target is the fair value of €15.42 (as of Oct 3, 2026) from 16 valuation models. Cautious scenario €11.56, optimistic scenario €19.27. It is a calculation from audited fundamentals, not an analyst target.
What is the Deutsche Lufthansa AG stock forecast for 2026?
Our models put fair value at €15.42, about +102% upside versus a price of €7.62 (undervalued). Cautious scenario €11.56, optimistic scenario €19.27. The calculation is refreshed regularly with new filings.
What is the revenue of Deutsche Lufthansa AG (1LHA)?
Deutsche Lufthansa AG reported trailing-twelve-month revenue of about €40.3B (latest available figure, as of Oct 3, 2026).
Does Deutsche Lufthansa AG pay a dividend?
Deutsche Lufthansa AG currently shows a dividend yield of about 4.33% relative to its recent price (as of Oct 3, 2026).
What is the intrinsic value of Deutsche Lufthansa AG (1LHA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Deutsche Lufthansa AG it is €15.42 per share (as of Oct 3, 2026), against a price of €7.62. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Deutsche Lufthansa AG stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 1LHA trades below its calculated fair value: price €7.62, fair value €15.42, a gap of about +102% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1LHA?
No. The price is what the market pays today (€7.62); the fair value is what the company's own numbers justify (€15.42). For Deutsche Lufthansa AG the two are €7.80 per share apart. That gap is exactly why we show both numbers side by side.
How much is Deutsche Lufthansa AG worth?
The market values Deutsche Lufthansa AG at about €12.0B (market capitalisation, as of Oct 3, 2026). Per share that is €7.62; our models calculate a fair value of €15.42 per share.
What do the bullish and bearish scenarios say about 1LHA?
Our models span a range for Deutsche Lufthansa AG: cautious scenario €11.56, base €15.42, optimistic €19.27 per share (as of Oct 3, 2026, price €7.62). The range comes from different growth and margin assumptions, not from analyst opinions.
How far is 1LHA from its 52-week high?
Deutsche Lufthansa AG trades at €7.62, about 25% below its 52-week high of €10.10 and 15% above the low of €6.60 (as of Oct 2, 2026). Distance from the high says nothing about value: that is what the fair value of €15.42 is for.
Which stocks are comparable to Deutsche Lufthansa AG?
From the same area (Industrials) we also value Delta Air Lines, Inc, United Airlines Holdings, Ryanair Holdings, Southwest Airlines Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Deutsche Lufthansa AG stock attractive at the current price?
The data as of Oct 3, 2026: price €7.62, calculated fair value €15.42 (+102%), Quality Score 44/100, from 16 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1LHA calculated?
We run Deutsche Lufthansa AG through 16 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of €15.42, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Deutsche Lufthansa AG currently trades 51 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Deutsche Lufthansa AG (1LHA)?
The closing price on Oct 2, 2026 was €7.62. Our model-based fair value is €15.42, about +102% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Deutsche Lufthansa AG right now?
The large discount to fair value meets weak quality (44/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (€11.56). The market is more pessimistic than our downside scenario.
Key figures of Deutsche Lufthansa AG
How large is the market capitalisation of Deutsche Lufthansa AG (1LHA)?
The market capitalisation of Deutsche Lufthansa AG is €12.0B. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Deutsche Lufthansa AG (1LHA)?
The price-to-earnings ratio of Deutsche Lufthansa AG is 5.9. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Deutsche Lufthansa AG (1LHA)?
The price-to-sales ratio of Deutsche Lufthansa AG is 0.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Deutsche Lufthansa AG (1LHA)?
Earnings per share at Deutsche Lufthansa AG are €1.30 (price ÷ EPS = P/E 5.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Deutsche Lufthansa AG (1LHA)?
The dividend yield of Deutsche Lufthansa AG is 4.3% (payout 25.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Deutsche Lufthansa AG (1LHA)?
The net margin of Deutsche Lufthansa AG is 3.4% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Deutsche Lufthansa AG (1LHA)?
The return on equity (ROE) of Deutsche Lufthansa AG is 13.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Deutsche Lufthansa AG (1LHA)?
On an EBIT basis the return on assets of Deutsche Lufthansa AG is 1.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Deutsche Lufthansa AG (1LHA)?
The operating margin of Deutsche Lufthansa AG is −11.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Deutsche Lufthansa AG (1LHA)?
Revenue at Deutsche Lufthansa AG is growing +7.6% versus a year earlier (3y avg +8.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Deutsche Lufthansa AG (1LHA)?
Earnings per share at Deutsche Lufthansa AG are growing −55.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Deutsche Lufthansa AG (1LHA) generate?
The free cash flow of Deutsche Lufthansa AG is −€438M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Deutsche Lufthansa AG (1LHA) carry?
The net debt of Deutsche Lufthansa AG is €9.9B (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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